An excellent investment opportunity with growth potential on busy Babcock Street in Palm Bay, Florida. This 6,000 sq ft building is currently leased and Pinch-a-Penny has been in this same location for over 20 years. The 1.56 acre site offers ample space at the rear of the building for additional development or expansion. Based on the listed price the current lease generates an annual net operating income over $46,000, a CAP rate of nearly 8%.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
